The business administration minor provides supplemental business education for students seeking degrees in programs other than business or accounting.

Program Delivery

This program is available:

via classroom (the majority of instruction is face-to-face)

Admission Requirements

A GPA above 2.0 is preferred for the following:

2.60 already admitted to the degree-granting
college

2.60 transferring from another University of
Minnesota college

2.60 transferring from outside the University

An overall and UM GPA of 2.60 and 2.00 within all LSBE courses is required for automatic admission to this minor, along with completion of the pre-minor core. Students with GPAs between 2.00 and 2.59 should consult with LSBE Student Affairs.

Introduction to information technology (IT) concepts: computer hardware and software; use of personal productivity tools (spreadsheet, database, and presentation software); system development processes; Web technologies; applications of IT in business processes.
prereq: LSBE major or minor student or Graphic Design and Marketing major or Computer Information Systems majors or minors, minimum 15 credits or college consent

ACCT 2001 - Principles of Financial Accounting

Credits:

3.0
[max 3.0]

Grading Basis:

A-F only

Typically offered:

Every Fall, Spring & Summer

Concepts of financial accounting and external reporting. Nature and measurement of assets, liabilities, equities, revenues, expenses. Emphasis on use and understanding of external financial statements.
prereq: Minimum 15 credits or college consent

Introduction to modern business statistics, emphasizing problem solving applications through statistical decision making using case studies. Topics include organization and presentation of data, summary statistics, distributions, statistical inference including estimation, and hypothesis testing.
prereq: minimum 30 credits, LSBE student, pre-business or pre-accounting or Econ BA major or Graphic Design and Marketing major or Econ minor or Accounting minor or Business Admin minor; credit will not be granted if already received for Econ 2020, Stat 1411, Stat 2411, Stat 3611, Soc 3151, Psy 3020

ECON 1003 - Economics and Society
(LE CAT8, SOC SCI)

Credits:

3.0
[max 3.0]

Grading Basis:

A-F or Aud

Typically offered:

Every Spring

General description of U.S. economy and analysis of contemporary economic problems. Introduction to major economic issues and problems of the day, providing a simple framework used by economists for analysis.
prereq: Cannot apply credit to economics major or minor or BAc or BBA majors

Analyzing free enterprise system through study of product and resource markets. Supply and demand, utility, production and cost, market structure, resource use, market failures, regulatory role of government, and real-world application of these concepts.
prereq: Minimum 15 credits or department consent

MGTS 3301 - Production and Operations Management

Credits:

3.0
[max 3.0]

Grading Basis:

A-F or Aud

Typically offered:

Every Fall, Spring & Summer

Introductory survey of production and operations as a functional area of management, including operations strategy, process design, forecasting, resource allocation, inventory management, scheduling, quality management, and project management. Computer applications of quantitative techniques to support operations decision making.
prereq: LSBE candidate or approved non-LSBE business administration minor or college consent; credit will not be granted if already received for FMIS 3301

FMIS 3601 - Corporate Finance

Credits:

3.0
[max 3.0]

Prerequisites:

LSBE candidate or approved non-LSBE business administration minor or approved Finance minor or college consent

LSBE candidate or business administration minor or approved Organizational Management minor or college consent

Grading Basis:

A-F only

Typically offered:

Every Fall & Spring

Introduction to organizations, management processes, and understanding human behavior at work. Covers the effects of the external environment, organizational structure, job design, teams, and leadership on employees, attitudes, motivation, and behavior.
prereq: LSBE candidate or business administration minor or approved Organizational Management minor or college consent

MKTG 3701 - Principles of Marketing

Credits:

3.0
[max 3.0]

Grading Basis:

A-F only

Typically offered:

Every Fall & Spring

Marketing as a process of exchange management. Emphasis on conceptual tools necessary to deal with both strategic marketing management issues and tactical management of product, price, promotion, and distribution.
prereq: LSBE candidate or non-LSBE Marketing minor or approved non-LSBE business administration minor or college consent

MGTS 3801 - Human Resource Management

Credits:

3.0
[max 3.0]

Grading Basis:

A-F only

Typically offered:

Every Fall & Spring

Introduction to theory and practice of human resource management in private and public organizations. Organizational, legal, and ethical influences on major personnel functions, including planning, staffing, training, performance appraisal, compensation, and labor-management relations.
prereq: LSBE candidate or approved non-LSBE business administration or approved non-LSBE HRM minors or college consent